Bitcoin Golden Ratio Multiplier Indicates BTC Price Is Going Much Higher, the Party Is Just Getting Started

Bitcoin formed the mid-top at level 5 in March earlier this year when it reached its previous all-time high (ATH) of $73,000.

Cryptocurrency analyst CryptoCon recently highlighted a ‘Golden Multiplier Ratio’ for Bitcoin, which points towards a bullish outlook for the digital asset. Based on this ratio, the analyst suggests that the Bitcoin price is poised to rally much higher.

Bitcoin Golden Multiplier Ratio Shows Much Higher Price Target

In an X post, CryptoCon shared his analysis on how the Bitcoin Golden Multiplier Ratio is indicating that the price is going much higher. He highlighted level 5 of the Golden Multiplier Ratio, which he claims is dual-purpose for the mid-top and cycle top. According to the analyst, Bitcoin formed the mid-top at level 5 in March this year when it reached its previous all-time high (ATH) of $73,000.

Now, it seems likely that Bitcoin will hit this level once again before this market cycle ends. The level 5 band has increased to $122,000 and is still climbing. As per this, the analyst concludes that the party is just getting started, indicating that the Bitcoin rally could still rally way higher and even reach this $122,000 target.

In an earlier X post, CryptoCon also used the Magic Bands indicator to give his insights into Bitcoin’s price action and how high it could go in this bull run. He mentioned that Bitcoin is racing to meet level 3 of the Magic Bands at $98,720. The bands are set to rapidly expand to the upside as they adjust for the volume beyond the ATHs, he added.

Based on this, the analyst now has a cycle top target of $134,000 and says that the Bitcoin price could gain $1,000 weekly. CryptoCon anticipates the cycle top sometime in late 2025. That means there is a lot of time for the bands to expand to higher prices, indicating that the Bitcoin price could rise higher.

BTC Primed To Reclaim Local Highs

In other news, crypto analyst CrediBULL Crypto stated that the Bitcoin price looks primed to move to the local highs as long as the $87,700 level isn’t breached. The analyst also mentioned that a clear and impulsive move above the local highs at $93,800 would send Bitcoin above $100,000, making the possibility of dropping to $72,000 unlikely until the next bear market.

However, if that clear and impulsive move doesn’t happen, CrediBULL Crypto stated that it would imply that the move is corrective and makes the odds of retesting the range between $70,000 and $72,000 exponentially higher. He suggested that BTC could even drop below $70,000.

At the time of writing, the Bitcoin price is trading at around $91,200, up almost 4% in the last 24 hours, according to data from CoinMarketCap.